The stock of Jetblue Airways Corp (NASDAQ:JBLU) last traded at $7.08, down -2.75% from the previous session.
JBLU stock price is now 14.22% away from the 50-day moving average and 18.37% away from the 200-day moving average. The market capitalization of the company currently stands at $2.40B.
With the price target enhanced from $4 to $9, Deutsche Bank Upgraded its rating from Hold to Buy for Jetblue Airways Corp (NASDAQ: JBLU). On January 09, 2024, BofA Securities Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock reducing its target price from $6 to quote $3, while ‘Exane BNP Paribas’ rates the stock as ‘Underperform’
In other news, Spencer Gerald Alfred, Principal Accounting Officer sold 11,879 shares of the company’s stock on Aug 18 ’23. The stock was sold for $75,432 at an average price of $6.35. Upon completion of the transaction, the Principal Accounting Officer now directly owns 0 shares in the company, valued at $0.0. A total of 0.38% of the company’s stock is owned by insiders.
During the past 12 months, Jetblue Airways Corp has had a low of $3.42 and a high of $9.45. As of last week, the company has a debt-to-equity ratio of 1.61, a current ratio of 0.60, and a quick ratio of 0.57. The fifty day moving average price for JBLU is $6.24 and a two-hundred day moving average price translates $5.98 for the stock.
The latest earnings results from Jetblue Airways Corp (NASDAQ: JBLU) was released for Dec, 2023. According to the Airlines Company, earnings per share came in at -$0.19, beating analysts’ expectations of -$0.28 by 0.09. This compares to $0.08 EPS in the same period last year. The net profit margin was -3.23% and return on equity was -9.01% for JBLU. The company reported revenue of $2.32 billion for the quarter, compared to $2.42 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.77 percent. For the current quarter, analysts expect JBLU to generate $2.18B in revenue.
